Since the bear market started in January (when total capitalisation peaked at 850bn USD, compared to the 260bn of today!), most coins have followed the overall market mood. Some have, however held up pretty well (take Tether and those linked to non crypto assets), and a few have even outperformed the market!

Binance Coin (BNB) is one of them. In February it began a rally that has not yet seen any significant correction. The lack of capitalisation volume in the market has not been a show stopper for exchange-backed tokens: The frantic execution of transactions by a growing pool of professional traders and the surge of transactional bots just keeps driving their demand up. Similar coins such as Huobi Token (HT) or NuShares (NSR), while they have outperformed the market, they have suffered corrections that, for now have not affected Binance Coin, as seen on CoinMarketRank.io

With the cryptocurrency market skyrocketing in 2017 many had kissed, blessed and buried the USD along with all fiat money, a thing from the past.

But it happened that the crypto market encountered a bear market and the USD has found a new life, transmigrated to crypto, as it should be.

For as long as the bear market lasts, coins pegged to the USD (and other fiat currencies), are going to be sought after. Some options in this field are Steem Dollars (SBD), Nubits (USNBT) and bitUSD (BITUSD), but only one has made it to the top 10 in the capitalisation list of CoinmarketRank: Tether (USDT). But that is not all folks! Today, Tether has been one of the top 3 most traded crypto currencies (along with BTC and ETH) as shown here.